Industry News

ASCO Bags 5-Year Contract from Aker BP for Logistics Services

Industry News - Thu, 2025-01-16 20:18
The contract encompasses services including warehouse management, load carriers, waste services, and personnel leasing for logistics.

Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze

Industry News - Thu, 2025-01-16 15:00
There are two main approaches under consideration by the Trump team.

WTI Corrects After Five-Month Highs

Industry News - Thu, 2025-01-16 14:30
Oil prices retreated from recent highs as markets adjusted to Russian sanctions, mixed signals from President-elect Trump, and shifting demand dynamics.

Extreme Cold From NY to Texas Threatens to Topple Records

Industry News - Thu, 2025-01-16 11:07
A blast of extreme cold is poised to descend on the central U.S. this weekend before spreading to New York and the rest of the East Coast.

USA Crude Oil Stocks Drop 2MM Barrels WoW

Industry News - Thu, 2025-01-16 10:41
Crude oil stocks, excluding the SPR, stood at 412.7 million barrels on January 10, the EIA revealed.

TXO Identifies Potential 3 Tcfe of Gas in San Juan Basin

Industry News - Thu, 2025-01-16 08:59
'On an oil equivalent basis, we believe this could represent as much as five times our current total reserve base.'

NW Natural Names Kim Rush as President

Industry News - Thu, 2025-01-16 08:30
Kim Rush, a long-serving executive, will become president of NW Natural effective April.

Aramco, Ma'aden in Talks to Form Transition Minerals JV

Industry News - Thu, 2025-01-16 08:11
The Saudi state-owned oil and mining companies agreed to explore creating a joint venture for minerals exploration and mining with a focus on minerals used in decarbonization technologies.

Marcos Signs Law to Establish Downstream Gas Industry in Philippines

Industry News - Thu, 2025-01-16 06:59
President Marcos signed legislation to establish a downstream gas industry in the Philippines by increasing the share of gas in the domestic energy mix and positioning the country as an LNG transshipment hub in the Asia-Pacific.

USA EIA Reveals Latest Brent Oil Price Forecasts

Industry News - Thu, 2025-01-16 06:58
The U.S. Energy Information Administration revealed its latest Brent spot price forecasts in its January short term energy outlook.

ASCO Bags 5-Year Contract from Aker BP for Logistics Services

Industry News - Thu, 2025-01-16 06:00
The contract encompasses services including warehouse management, load carriers, waste services, and personnel leasing for logistics.

Trident Seals Chevron Buy, TotalEnergies Swap in Congo-Brazzaville

Industry News - Thu, 2025-01-16 04:58
Trident Energy completed a suite of transactions involving the acquisition of Chevron's subsidiary in the Republic of the Congo and a swap with TotalEnergies covering several fields in the country.

Analysts Look at USA Sanctions Effect

Industry News - Thu, 2025-01-16 04:00
The new restrictions 'roughly triple the number of directly sanctioned Russian crude oil tankers, enough to affect around 900,000 barrels per day', analysts at Standard Chartered highlighted.

Perma-Pipe Scores New Deal in Middle East

Industry News - Thu, 2025-01-16 01:11
Perma-Pipe has been contracted to provide thermal insulation, anti-corrosion coatings, and other services from its Abu Dhabi facility.

Russia Says It Damaged Facilities at Ukraine Gas Storage Site

Industry News - Thu, 2025-01-16 01:03
Russia claimed it damaged ground infrastructure of one of the largest natural gas storage sites in Ukraine's Lviv region during a series of attacks on the country's energy sector.

Civitas Resources Weighs Sale of DJ Basin Assets

Industry News - Wed, 2025-01-15 15:00
Shares in Civitas were up about 0.9 percent at 9.43am in New York.

Oil Surges Past $80 Amid Tight Supply

Industry News - Wed, 2025-01-15 14:52
Oil prices climbed above $80 per barrel, driven by tightening US inventories, sanctions disrupting Russian crude flows, and a revised global surplus forecast.

Kinder Morgan Pipelines Return to Service

Industry News - Wed, 2025-01-15 10:02
'We continue to actively monitor the California wildfires and will work with our customers on any potential impacts', Kinder Morgan noted in a media statement sent to Rigzone.

US Government Study Supports Further RE Expansion on Federal Lands

Industry News - Wed, 2025-01-15 09:01
An inter-agency study found that federal lands in the contiguous U.S. could further support hundreds more gigawatts of RE generation even when assuming limited siting.

Sherri Evers Departs Imperial for ExxonMobil

Industry News - Wed, 2025-01-15 08:30
Evers will become North America Lubes General Manager for ExxonMobil effective March.

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